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Oct 16, 2013
10/13
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february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves and cut that almost to the quick. if they're ever actually going to get a handle on all this spending it, has to come what they call the mandatory spending pie entitlements. that's toxic to touch. hey are you touching my medicare. >> but it is a three month kick the can down the road. chad pergram, thank you very much. >>> stocks surging right from the get-go as word of this senate deal got out. the dow finishing up triple digits to fox business network sandra smith and what is shaping up to be, dare i say it, hog heaven for traders, sandra? >> indeed hog heav
february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves...
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Oct 14, 2013
10/13
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FBC
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out, debt ceiling does not equal default, does not equal recession. and every elected official in congress, republican, democrat, president, i don't care who ty are, that makes such spree anxious nonsense deserves to be -- >> yet you. >> i have enough trouble with television. i can't take responsibility for -- >> i understand. but this -- we've had a breakthrough because two years ago there was only a couple of us as members who would get in front of a camera ke this and walk america through the math. >> don't -- don't walk america through anythg. do the job of making a message comp hencable d connect with the people. i'm so -- by the way, you gs don't have the iellectual fire power to talk down to the american people. inspire us, lead us, and cut the nonsen. >> first, stop for one second. >> i have to sto for one minute. i give you the last -- don't talk over me. you and i are talking straight. i'm going to give you the last word and i wld like you to be -- mistake that message cogent >> look, you, and i and a number -- >> i'm sorry, i'm not going to
out, debt ceiling does not equal default, does not equal recession. and every elected official in congress, republican, democrat, president, i don't care who ty are, that makes such spree anxious nonsense deserves to be -- >> yet you. >> i have enough trouble with television. i can't take responsibility for -- >> i understand. but this -- we've had a breakthrough because two years ago there was only a couple of us as members who would get in front of a camera ke this and walk...
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Oct 18, 2013
10/13
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KQED
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pressure points are almost always things like continuing resolutions, debt ceilings or recesses. >> rose: i'm not here to defend him because i believe it's better to engage than not engage. at the same time wasn't he engaged, wasn't he on the phone with everybody, wasn't he doing things. he was the like playing golf. there was a trip that was damaging to the united states. >> and he did call people down at the white house to talk but he didn't take the next step. there was a group, in my, this is where i think the failure occurred. first it occurred on our side by allowing the wrong people to have the microphone. secondly, there was a working group in the senate which who could have produced a package along the lines of simpson-bowles or a ryan proposal but they never received the support they needed from the whitehouse to do that because the leadership of the senate also was sort of locked down by the folks in their party hard end. >> rose: ryan was on the simpson-bowles commission. >> yes, he was. he voted against it but he voted against it because he said it didn't go far enough in he
pressure points are almost always things like continuing resolutions, debt ceilings or recesses. >> rose: i'm not here to defend him because i believe it's better to engage than not engage. at the same time wasn't he engaged, wasn't he on the phone with everybody, wasn't he doing things. he was the like playing golf. there was a trip that was damaging to the united states. >> and he did call people down at the white house to talk but he didn't take the next step. there was a group,...
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Oct 17, 2013
10/13
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that he wasn't going to negotiate on the debt ceiling and he didn't and the republicans ended up caving. >> i think one question is about the survey data. what the polls show after the first of the year. if the republican numbers have rebounded then ted cruzs of the world will say "see, this was not permanent damage and we can have another fight." if it looks like there was considerable damage and it's long-lasting i think a lot of conservatives will say "maybe we better move on." >> woodruff: but they were insisting on these early dates as part of this language, right? january and february. the white house wanted a later debt limit rise. >> all the rational people wanted later deadlines so we don't have to go through this so soon, so we don't have to go through it during an election year. that will be another calculation when these fights come up. that's the year these people -- all the house members and a third of the senators will be running for reelection. >> woodruff: stu, you touched on some of the effects on the republican party. how do you see it? how much of this is the republi
that he wasn't going to negotiate on the debt ceiling and he didn't and the republicans ended up caving. >> i think one question is about the survey data. what the polls show after the first of the year. if the republican numbers have rebounded then ted cruzs of the world will say "see, this was not permanent damage and we can have another fight." if it looks like there was considerable damage and it's long-lasting i think a lot of conservatives will say "maybe we better...
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Oct 3, 2013
10/13
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MSNBC
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the debt ceiling for years has been used as a point of negotiation. in fact, the president voted against it, and spoke rather aggressively for voting against a debt ceiling increase. this is not an unusual situation. >> in 2007 if nancy pelosi and half the democrats refused to vote for a debt ceiling increase unless the war in iraq was drawn to a close, would that have been a responsible thing to do? >> that was not a hypothetical i was confronted with, chris, why don't you stick with history, history is the debt ceiling has always been used as a point of negotiation. by the way, chris, i never voted against the debt ceiling increase, i never voted against it whether it came with president clinton or bush or president obama. >> which strikes me as commendable and precisely the exact thing that everyone should do. particularly the majority party that knows the thing has to be passed, right? >> well, in the end it will be passed. it will be inexcusable were it not passed. but it is a point. our government is not functioning in regular order any longer a
the debt ceiling for years has been used as a point of negotiation. in fact, the president voted against it, and spoke rather aggressively for voting against a debt ceiling increase. this is not an unusual situation. >> in 2007 if nancy pelosi and half the democrats refused to vote for a debt ceiling increase unless the war in iraq was drawn to a close, would that have been a responsible thing to do? >> that was not a hypothetical i was confronted with, chris, why don't you stick...
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Oct 1, 2013
10/13
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as we approach the debt ceiling, that will change entirely. >>brian: i'll give you cavuto's extension. he'll know. >>steve: we'll be running varney and company today at 9:20. >> i am open for business. move on, brian. >>elisabeth: stuart, i love having you here. >> thank you, elisabeth. >>elisabeth: someone else we love, heather nauert is here. >> stuart is the c.e.o. of the economy. god headlines. in a rare move the u.s. marine corps forcing two generals into retirement. the corps deciding that major general charles gerganis and major general greg swordovan failed to protect their base in afghanistan. this morning investigators in chicago are trying to figure out how on earth an empty train broke free from a yard and slammed into a commuter train that was loaded with passengers. dozens of people were hurt. but what's curious about this is that in order to start a train someone would need a special key and to know how to use it. >>> a police officer this morning being hailed a real hero after this daring rescue. take a look. >> i got you! i go
as we approach the debt ceiling, that will change entirely. >>brian: i'll give you cavuto's extension. he'll know. >>steve: we'll be running varney and company today at 9:20. >> i am open for business. move on, brian. >>elisabeth: stuart, i love having you here. >> thank you, elisabeth. >>elisabeth: someone else we love, heather nauert is here. >> stuart is the c.e.o. of the economy. god headlines. in a rare move the u.s. marine corps forcing two...
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we're doing nothing about the debt, the deficit, bugetary policies and we're up against the debt ceiling limit in a month or two. stuart, this is rotten. stuart: at what point are you going to leave the party that's just done this to us? >> well, the republican party had no strategy, no plan, nothing as an alternative so you have to compare something in this case to nothing and i'm not going to join a party that's bereft of ideas and doesn't stand for one nation policy. >> at the start this have program, i played greek music. >> right. >> and sort of tongue in cheek, but there's a point there. am i being too strong in likening america to greece. >> stuart, had i been you, i would have played italian folk songs we're closer to italy than to greece. we're headed to a fiscal armageddon. we can't sustain the policies that the president is pursuing. >> hold on one second, i've got a gallup poll that measures public satisfaction with the direction the country is headed in, at the start of a president's second term. only 23% are satisfied with the current direction as we start president obama's
we're doing nothing about the debt, the deficit, bugetary policies and we're up against the debt ceiling limit in a month or two. stuart, this is rotten. stuart: at what point are you going to leave the party that's just done this to us? >> well, the republican party had no strategy, no plan, nothing as an alternative so you have to compare something in this case to nothing and i'm not going to join a party that's bereft of ideas and doesn't stand for one nation policy. >> at the...
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Sep 18, 2013
09/13
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he's wrong on the debt ceiling -- >> neil: but if it doesn't take away the partisan nature, nothing with. >> it's about two very strong wills. the reality is it's not unusual -- if you want to once again extend debt, you want to get -- this is money he was not supposed to spend that we spent. that's why we went over. now you want to say, i want to stop that and make sure we don't do it again. that's a responsible thing. >> neil: bottom line is we're between a rock and a hard place weeks from now. >> we are. the only thing that resolves this is a congress election a year from now. >> neil: thank you. >> if the shooting couldn't stop partisan politics for a few days, are we surprised the president really let it rip? [ man ] this isn't my first career. but it might just be my favorite. [ female announcer ] welcome to the new aarp. we're ready to help you rediscover purpose and passion with programs like life reimined to inspire you and connect you, resources to help turn your goals and dreams into real possibilities. aarp, an ally for real possibilities. find new tools and ideas for work, m
he's wrong on the debt ceiling -- >> neil: but if it doesn't take away the partisan nature, nothing with. >> it's about two very strong wills. the reality is it's not unusual -- if you want to once again extend debt, you want to get -- this is money he was not supposed to spend that we spent. that's why we went over. now you want to say, i want to stop that and make sure we don't do it again. that's a responsible thing. >> neil: bottom line is we're between a rock and a hard...
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over a fiscal cliff or a can debt ceiling -- or a debt ceiling situation. doesn't seem to hit the markets at all. everybody is kind of used to it and it is not a good thing. stuart: is there a moment that we would come to, an event that might happen which would make the markets sit up and say hey we can't do this anymore, is there a moment like that? >> i would like there to be because that's what free markets are all about, and the markets when they move freely. the issue is our government is going to continue to back any situation that comes in front of it and until they don't do that anymore, and they shouldn't do that, because that's not free markets but until then, i don't think it will. any small break, small drop in the market, people will step in and buy because they know that's the situation. stuart: larry levin, always right. thank you very much indeed larry. see you again soon. >> thanks. stuart: we have been covering this week a study that says college students now they they are more special than ever before. dr. keith ablow is here on that. the
over a fiscal cliff or a can debt ceiling -- or a debt ceiling situation. doesn't seem to hit the markets at all. everybody is kind of used to it and it is not a good thing. stuart: is there a moment that we would come to, an event that might happen which would make the markets sit up and say hey we can't do this anymore, is there a moment like that? >> i would like there to be because that's what free markets are all about, and the markets when they move freely. the issue is our...
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Oct 6, 2013
10/13
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at some point it will happen, default. how should the republicans handle the debt ceiling? do you want some faction of the president's health plan to be attached to that in exchange for lifting the debt ceiling? or because it's so important, should republicans say we need to lift the debt ceiling? >> in my view, the debt ceiling, we should look for three things. number one, we should look for some significant structural plan and reduce government spending. number two, we should avoid new taxes. look for ways to mitigate the harms. since 1978, the debt xreelg has been raised 55 times. >> so you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling? >> the debt ceiling historically has been among the best leverage that congress has to reign in the executives. >> yes. >> and what else? >> my point is that there's great historical precedence. since 1978, we raised the debt ceiling 58 times. 20 times congress attached very specific and stringent requirements, many of the most significant spending restraints. so the presid
at some point it will happen, default. how should the republicans handle the debt ceiling? do you want some faction of the president's health plan to be attached to that in exchange for lifting the debt ceiling? or because it's so important, should republicans say we need to lift the debt ceiling? >> in my view, the debt ceiling, we should look for three things. number one, we should look for some significant structural plan and reduce government spending. number two, we should avoid new...
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but if he chooses to use the debt ceiling as a way to do entitlement reform and long-term spending cuts, that's a way, probably in february he can get that done. that might bring people along. >> congressman, i want to point out to the people watching you were one of the members of coress during your tenure, you return one million dollars unspent office funds back to the treasury. i don't know many member of congress to do that i forget you being a florida state grad. mostst of my friends are gators. >> sorry to hear about that. adam: all seriousness, congress right now, as you depart has a reputation that is at the bottom. i could use all kinds of negative adjectives to describe it. i don't need to tell you. how does congress get the respect it needs to gove back after this craziness which is still not played out, and who gets the blame for this? >> well, understand, that congress is made up of people who have won election in 435 districts. the 50 states with two senators. the american people can decide who they are sending to congress. so, these are duly elected people who represent d
but if he chooses to use the debt ceiling as a way to do entitlement reform and long-term spending cuts, that's a way, probably in february he can get that done. that might bring people along. >> congressman, i want to point out to the people watching you were one of the members of coress during your tenure, you return one million dollars unspent office funds back to the treasury. i don't know many member of congress to do that i forget you being a florida state grad. mostst of my friends...
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Oct 8, 2013
10/13
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ALJAZAM
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at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors abroad, so they may not be willing to buy any u.s. debt. even the bonds that we have out there now might become due, and we won't be able to roll that over and get anybody to lend money to us any more. >> that brings us to the point of the chinese vice foreign minister fro and from japan, wht would the international ramifications of a default be? what would they be? >> for example, the value of the dollar would tumble. that would have huge impacts on everybody globally. the u.s. currency is still the global currency. this would effect everybodi' economy. but locally here in the u.s. it would definitely have an impact on advise as well. we'll see households not being able to pay their credit card bills because their interest rates would rise. their credit
at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors abroad, so they may not be willing to buy any u.s. debt. even the bonds that we have out there now might become due, and we won't be...
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they want the two points, government funded and debt ceiling increase before they even talk, republicans say we're then back to square one, administration will not engage on the issues like entitlement reform, we is no leverage at that point. neil: amazing, rich, i don't know how you keep up with it, they lost me days ago edson in washington. >> republican senator john mccain just telling me that guys like ted cruz are blocking a deal. >> we republicans have to have a plan rather than fool's errand of repeeling obamacare, we can't, we don't have the votes. neil: you say that ted cruz's filibuster of essentially a fool's errand ? >> of course it was. tea party news -- scotty slightly disagrees. >> i will say this, not surprising, coming from senator, who delivered democratic response to senator at the time cruz's filibuster, what is ironic on july 23, senator mccain of last senator to address the senate tea party caucus, he said, i do believe that tea party probably saved america. now he says this? either he is confused or proving a point he just panders to the crowd high stand -- he stan
they want the two points, government funded and debt ceiling increase before they even talk, republicans say we're then back to square one, administration will not engage on the issues like entitlement reform, we is no leverage at that point. neil: amazing, rich, i don't know how you keep up with it, they lost me days ago edson in washington. >> republican senator john mccain just telling me that guys like ted cruz are blocking a deal. >> we republicans have to have a plan rather...
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Sep 27, 2013
09/13
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failure to raise that ceiling as we have basically at every point over the last 100 years, would send a very negative signal that could harm the standing of u.s. federal debt. >> reporter: even the hint the government might be running out of cash could have catastrophic consequences. >> the 2011 crisis is estimated to have cost the economy tremendously. >> reporter: they reached a deal at the 11th hour, but that still caused a credit down rating. >>> republicans say they are open to raising the debt limit, but they have several demands. they want to delay implementing the affordable care act for a year. they want an overhaul of the tax code and approval of the proposed keystone pipeline. >>> the barilla pasta company has found out just how powerful social media can be the ceo said gays and lesbians can, quote, eat another pasta. he said, quote . . . ♪ >>> jcpenney is getting an an infusion of money. it says it will raise almost a billion dollars in stock sales. before the sale it will have almost $200 million less than it estimated last month, and that is a concern for investors. jc
failure to raise that ceiling as we have basically at every point over the last 100 years, would send a very negative signal that could harm the standing of u.s. federal debt. >> reporter: even the hint the government might be running out of cash could have catastrophic consequences. >> the 2011 crisis is estimated to have cost the economy tremendously. >> reporter: they reached a deal at the 11th hour, but that still caused a credit down rating. >>> republicans say...
WHUT (Howard University Television)
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Oct 1, 2013
10/13
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WHUT
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so i think at some point, in either the debt ceiling or in this, you are right, he is going to have to do away with the so-called-- rule, pass the bill with a lot of democrats and a minority of republicans. and that's just going to make his position all the more precarious. >> rose: there is also this factor. go ahead, david, you want to sayomething. >> i was going to say the dynamics for the speaker are terrible. because, because if you think about the republican caucus, what he's got is a majority of republicans who really don't want to compromise on almost anything with the democrats. but then he's got a majority in the house which is to say the democratic caucus and a minority of republicans who when you put them together they make up a majority of house who often do want to compromise so there is a majority in the house for avoiding this crisis. there is a majority in the house for immigration reform. there was a majority in the house for bills like hurricane sandy relief that passed. but boehner can't keep the spkership if he copes going to that majority because he needs a majori
so i think at some point, in either the debt ceiling or in this, you are right, he is going to have to do away with the so-called-- rule, pass the bill with a lot of democrats and a minority of republicans. and that's just going to make his position all the more precarious. >> rose: there is also this factor. go ahead, david, you want to sayomething. >> i was going to say the dynamics for the speaker are terrible. because, because if you think about the republican caucus, what he's...
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Sep 30, 2013
09/13
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of moves at this point, allowing boehner to raise the debt ceiling a few weeks later with little drama. and molly ball wrote, i asked a staffer who works for a house republican whether a government shutdown would be enough to change these members minds. he replied, no we like to suffer we like to beat ourselves and go back to the base and they give us another task to beat ourselves on and we forget how to beat ourselves the last time. perry, i'm ooshlly an optimist, it's hard to believe even a government shutdown will change the do dynamic on the hill? >> i agree with you. i do think down the line there are 85 republicans voted for the fiscal cliff agreement. 87 of them voted to reauthorize the violence against women act. take those two votes. there's a core group of republicans, i call them the governing caucus. if you put the cr to the floor, you would be 250 to 300 votes to pass this bill. there is majority support in the house. i do think at some point john boehner will consider putting the bill on the floor, letting it pass. the important thing you have to remember, i saw dick dur
of moves at this point, allowing boehner to raise the debt ceiling a few weeks later with little drama. and molly ball wrote, i asked a staffer who works for a house republican whether a government shutdown would be enough to change these members minds. he replied, no we like to suffer we like to beat ourselves and go back to the base and they give us another task to beat ourselves on and we forget how to beat ourselves the last time. perry, i'm ooshlly an optimist, it's hard to believe even a...
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Oct 15, 2013
10/13
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ceiling. the senate version touched a little bit of the health care law, but this republican plan pushes back harder, dell. >> have we heard from the point person, senator harry reid on what he might have to say? >> yes, a loud and clear response from democrats both in the house and accept nate. take a listen to senator reid. >> the house republicans leadership plan that is now out is a plan to advance an extreme piece of legislation and nothing more than a blatant attack on y bipartisan ship. >> the white house has also put out a response, that is . . . so you can see there democrats are saying we won't play. here is why this is so crucial. the senate plan can go forward if senate republican leadership can get their members on board and democratic leadership can get their members on board, but the clock is running out to thursday, and if the house has its own plan where do they come together and how can they meet? that's not looking so good, dell. >> thank you very much. >>> the world war ii
ceiling. the senate version touched a little bit of the health care law, but this republican plan pushes back harder, dell. >> have we heard from the point person, senator harry reid on what he might have to say? >> yes, a loud and clear response from democrats both in the house and accept nate. take a listen to senator reid. >> the house republicans leadership plan that is now out is a plan to advance an extreme piece of legislation and nothing more than a blatant attack on y...
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charles: we get to the october 17th debt ceiling number date and we pass it without resolution on both the things. there's a psychological aspect that will probably weigh heavily on the economy. >> i think that's it. and i think everybody, it's part of the problem why washington didn't feel the urgency to get this resolved. everybody at the moment kind of thinks like, oh,s this going to be a short-term thing and we've seen this before and it's not that big of a deal and the markets have been complacent about it. and so, the hit to confident confidence, to business confidence, i don't think that we've seen that yet. i tell you, as things deteriorate and as the duration is extended, i think you have to wonder about the fallout, the impact on the private sector, the impact on consumers going into the all important holiday shopping season and these are sales that may not get made up. and i don't think you can just at the moment conclude, oh, it's no big deal. it will hurt the floor and made up in the first. >> and i think we were reminded this week with a few of the economic pieces of data
charles: we get to the october 17th debt ceiling number date and we pass it without resolution on both the things. there's a psychological aspect that will probably weigh heavily on the economy. >> i think that's it. and i think everybody, it's part of the problem why washington didn't feel the urgency to get this resolved. everybody at the moment kind of thinks like, oh,s this going to be a short-term thing and we've seen this before and it's not that big of a deal and the markets have...
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Oct 8, 2013
10/13
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CNBC
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if you don't raise the debt ceiling at some point you're going to face default on paying your bills even though you have the income coming in. come on. >> no, no. ly come on. first of all he interchanges and he did several times, treasury bills with the overall budget. the second point is john boehner would say he wants the limit the obligati obligations. that's why he wants less spending and entitlement reform. >> guys, thank you very much. we want to get to our next guess. they're making little progress with each date today. even as every economist agrees that reaching the dead limit will plunge the country into a recession. >> joining us now, a couple of congressmen. represent representative lynn jenki jenkins, republican from kansas. she's vice chair of the gop conference and republicanive john myarmouth who's a democrat from kentucky. thank you. did you hear anything discussion that would move this discuss forward? are we any closer to an agreement at this point? >> all we've been asking for is to sit down and have a conversation about the parts of the funding bill that we disagree
if you don't raise the debt ceiling at some point you're going to face default on paying your bills even though you have the income coming in. come on. >> no, no. ly come on. first of all he interchanges and he did several times, treasury bills with the overall budget. the second point is john boehner would say he wants the limit the obligati obligations. that's why he wants less spending and entitlement reform. >> guys, thank you very much. we want to get to our next guess. they're...
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Jan 2, 2013
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at some point, you've got to actually have the conversation. >> but you do have a debt ceiling debate coming up. you do have a two-month delay on the sequestration and you have budget. you have three deadline opportunities to have this discussion and not go over the fiscal cliff. >> go back to your shows a year and a half ago, august 2011 when we had the debt ceiling battle then. your own show. >> yes. >> you're going to push us off of our credit rating. >> i've been on this thing the whole time. >> now for you to turn and say, you can have the debate -- >> i would rather we are not in this position, congressman. you and i are in the same place, i'd rather not have this ridiculous situation we are in now. i just think that everything would be worse if we go over the fiscal cliff. i'd rather we not be backed into this corner. >> i agree with you about halfway. the other half is i worry about the fixed income markets. we're continuing to sell debt. we're still borrowing $4 billion every single day. >> but you know what it costs, 1.7%, we're the cheap nest the world. >> the fact of the m
at some point, you've got to actually have the conversation. >> but you do have a debt ceiling debate coming up. you do have a two-month delay on the sequestration and you have budget. you have three deadline opportunities to have this discussion and not go over the fiscal cliff. >> go back to your shows a year and a half ago, august 2011 when we had the debt ceiling battle then. your own show. >> yes. >> you're going to push us off of our credit rating. >> i've...
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Oct 4, 2013
10/13
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. >> i saw warren buffet saying he believes it would probably run onto the debt ceiling, which is two weeks ago and that would be the extreme point of stupidity i think was a phrase, something like that and at that point they would finally not go over the catastrophic cliff of default. is that the kind of feeling you're picking up, the republicans now think if we keep it going until then we can do some kind of grand recovery plan, which can get us off the wrap here? >> you know, the speaker and his leaders aren't talking about obamacare, getting rid of obamacare as far as negotiating is going in public, but in private just down the hall the speaker had a meeting with some of his closest kitchen cabinet, if you will, and i'm told in that meeting today they discussed exactly that, the debt ceiling, what they can ask for with regard to economic issues, entitlement reform. they are at least privately trying to move forward, which means the shutdown could last awhile. >> dana, thank you indeed. >>> let's go to senator casey. you heard that and we're obviously all watching. i think a vague
. >> i saw warren buffet saying he believes it would probably run onto the debt ceiling, which is two weeks ago and that would be the extreme point of stupidity i think was a phrase, something like that and at that point they would finally not go over the catastrophic cliff of default. is that the kind of feeling you're picking up, the republicans now think if we keep it going until then we can do some kind of grand recovery plan, which can get us off the wrap here? >> you know, the...
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Oct 8, 2013
10/13
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MSNBC
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the point is that the debt ceiling was going to be raised. let me just amplify some of the points. it's true that we don't know exactly what it will do. i bet you it would be really terrible. every economist you can talk to will tell you that interest rates will rise. anyone who is thinking about lending money to someone who got close to default would insist on a higher interest rate. now you have screwed up the bond market. you couldn't pay the debt service on the deficit any more. we would have to cut spending pretty quickly if this dragged on at all. this would take recovery into recession. bad for the bond market, bad for the stock market. >> the debt ceiling or debt limit has a bad name debt limit sounds like a good thing. sounds like you had a good limit on debt. without that cliff attached to it as bernanke did, without that little verbal trick, it would have been very hard to exprez to people that something dangerous was coming. making them realize that they have some serious risks in this if they have mortgages and car loans. >> it's a terrible name and idea. we should get
the point is that the debt ceiling was going to be raised. let me just amplify some of the points. it's true that we don't know exactly what it will do. i bet you it would be really terrible. every economist you can talk to will tell you that interest rates will rise. anyone who is thinking about lending money to someone who got close to default would insist on a higher interest rate. now you have screwed up the bond market. you couldn't pay the debt service on the deficit any more. we would...
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Oct 15, 2013
10/13
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CNN
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at a certain point we will have to raise the debt ceiling. and it's a matter of how we manage that cash know. if this thing gets tighter and tighter, perhaps we get the president to come to the table and we can negotiate and we address entitlements. >> you knew since may -- >> now it's been moved ahead. >> the secretary of treasury said we had to go to extraordinary measures because congress wouldn't act. and you're asking for more time. every president, every sikt of treasury has given congress notification. here's when we're going to hit our debt ceiling. it doesn't matter whether we hit it on the 16th, 17th -- we should act. >> i want to make a brief note. president's known since may. he's had a chance to lead since may. at some point you can't just say it's all john boehner's fault. >> well, the house has -- >> he had a hundred things he could do, a hundred conversations he could have had, he did none of them. the most he did was make partisan speeches. if we do get to this situation, which i hope we don't get to. i don't see why we shoul
at a certain point we will have to raise the debt ceiling. and it's a matter of how we manage that cash know. if this thing gets tighter and tighter, perhaps we get the president to come to the table and we can negotiate and we address entitlements. >> you knew since may -- >> now it's been moved ahead. >> the secretary of treasury said we had to go to extraordinary measures because congress wouldn't act. and you're asking for more time. every president, every sikt of treasury...
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Oct 9, 2013
10/13
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FOXNEWSW
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faces what the administration calls the line in the sand for congress to raise the debt ceiling, at point at which the treasury secretary says he will have no more options. and the country could face default. in the midst of a polarizing partisan disagreement about almost everything, there is one situation that i'll agree must be addressed. involving families of fallen military personnel. we have fox team coverage, brit hume is here in the bureau. ed henry is at the white house updating what the president and his people are doing. but we begin with national security correspondent jennifer griffin at the pentagon. >> good evening, jennifer. >> good evening, bret. after two days of political gripping the congress scrambled to make a resolution to make things right. >> reporter: they paid the ultimate sacrifice for the nation and their families were paid the ultimate insult. denied the $100,000 in death benefits and paid travel to dover air force base to meet their next of kin due to the partial government shutdown. sergeant joseph parts, first lieutenant jennifer marino, sergeant patrick ha
faces what the administration calls the line in the sand for congress to raise the debt ceiling, at point at which the treasury secretary says he will have no more options. and the country could face default. in the midst of a polarizing partisan disagreement about almost everything, there is one situation that i'll agree must be addressed. involving families of fallen military personnel. we have fox team coverage, brit hume is here in the bureau. ed henry is at the white house updating what...
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Oct 16, 2013
10/13
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FOXNEWSW
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and, we've got a debt ceiling that is going to be raised which means we can borrow a lot more none any. we can spend more, borrow more and print more. that is hog heaven on wall street. we're up 105 points now. martha: used to be the credit rating agencies were very concerned about the long-term financial stability of the united states of america. is that no longer the case, stuart? >> no, they are still concerned and that's what this warning was all about. we have failed to get our long-term debt under control. we show no signs of being able to control it. but for now, the immediate crisis is over and wall street responds with a rally. certainly at the opening bell. i don't know how it will close but at that opening bell, 23 minutes from now, stocks go up. martha: it may move around a bit as this deal works its way, if there is one throughout the course of the capitol hill today. stuart, thank you so much. we will see you later. >> thanks, martha. bill: right now apparently our credit rating is perfect with fitch. aaa is as perfect as any country can get in this world. that rate allow
and, we've got a debt ceiling that is going to be raised which means we can borrow a lot more none any. we can spend more, borrow more and print more. that is hog heaven on wall street. we're up 105 points now. martha: used to be the credit rating agencies were very concerned about the long-term financial stability of the united states of america. is that no longer the case, stuart? >> no, they are still concerned and that's what this warning was all about. we have failed to get our...
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Sep 26, 2013
09/13
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FBC
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he does not accept the statement that the president will not negotiate on the debt ceiling, no, speaker better once reforms on spending and taxes and does not accept the new normal on jobs and wages. bear in mind he is speaking about the next big deadline october 17th and that is the debt ceiling deadline. when he started to speak the dow was up 110 and now we are up 94 points. any comment? melissa: the market is disappointed, they were hoping there was some great -- don't know why they got that expectation. we were hearing of those rumors but we are not making much headway. stuart: the market was expecting reference to the budget deal, the immediate problem of government closure monday night, tuesday morning. it seemed to me like john boehner was talking far more about the debt ceiling problem october 17th, markets are a little disappointed but not distraught. >> fair characterization. >> let's get out of the weeds and go to the geeks. this is a big tech story of the day. huge partnership between twitter and the nfl to stream highlights of social network, twitter is about to go public.
he does not accept the statement that the president will not negotiate on the debt ceiling, no, speaker better once reforms on spending and taxes and does not accept the new normal on jobs and wages. bear in mind he is speaking about the next big deadline october 17th and that is the debt ceiling deadline. when he started to speak the dow was up 110 and now we are up 94 points. any comment? melissa: the market is disappointed, they were hoping there was some great -- don't know why they got...